STEP Tax Trusts & Estates (E&W) Practice Questions - STEP Advanced Certificate In Taxation Of Trusts And Estates - England And Wales Exam

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Which of the following distributions from a discretionary trust is completely exempt from an IHT exit charge under s.65(4) IHTA 1984?

A distribution of capital made within 3 months of creating the trust A distribution of capital made 5 years after creating the trust A distribution of capital made 6 months before the 10-year anniversary A distribution of capital to a non-spouse beneficiary after 8 years

Correct Answer:

A distribution of capital made within 3 months of creating the trust

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